American Campus Achieves Forbes' Top 100 Most Trustworthy Companies
AUSTIN, Texas--(BUSINESS WIRE)-- For a second year in a row, American Campus Communities (NYS: ACC) has been named one of America's Top 100 Most Trustworthy Companies by Forbes based on results from their annual survey.
This select designation is reserved for qualifying companies with market caps of $250 million or more and have maintained GMI Ratings' (GMI) Accounting and Governance Risk (AGR®) ratings of "conservative" or "average," no amended filings with the Securities and Exchange Commission (SEC), no SEC enforcement actions, and no material restatements, for the past year.
"It is a great honor to receive this designation and be recognized for our core values and guiding principles of integrity, honesty and openness in serving the needs of students, parents and our university partners while creating value for our shareholders," stated Bill Bayless, American Campus CEO.
American Campus received a high ranking through GMI's Equity Risk Ranking contributing to the achievement of Most Trustworthy Company through a financial assessment indicating equity returns and potential of fiscal distress and bankruptcy. Additional factors include transparent accounting and management practices.
For more information on the Forbes article visit: forbes.com/sites/jacquelynsmith/2013/03/18/americas-100-most-trustworthy-companies
To learn more about GMI Ratings, visit: gmiratings.com
About American Campus Communities
American Campus Communities, Inc. is the largest developer, owner and manager of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management, and operational management of student housing properties. American Campus Communities owns 160 student housing properties containing approximately 98,800 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consists of 191 properties with approximately 122,800 beds. Visit americancampus.com or studenthousing.com.
American Campus Communities, Inc., Austin
Gina Cowart, 512-732-1000
KEYWORDS: United States North America Texas
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